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What the entry to record the transaction of june would

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Problem 1: On January 1, Concord Corporation had 73000 shares of $10 par value common stock outstanding. On June 17, the company declared a 10% stock dividend to stockholders of record on June 20. Market value of the stock was $13 on June 17. The entry to record the transaction of June 17 would include a

Option 1: debit to Stock Dividends for $94900.
Option 2: credit to Common Stock Dividends Distributable for $21900.
Option 3: credit to Cash for $94900.
Option 4: credit to Common Stock Dividends Distributable for $94900.

Reference no: EM132893617

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